Canadian Natural Resources (TSE:CNQ) Reaches New 12-Month Low – Should You Sell?

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$41.94 and last traded at C$42.08, with a volume of 2661053 shares changing hands. The stock had previously closed at C$42.66.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CNQ shares. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. BMO Capital Markets dropped their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Royal Bank of Canada cut their target price on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research note on Tuesday, January 14th. Jefferies Financial Group decreased their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources presently has an average rating of “Moderate Buy” and an average price target of C$71.44.

Canadian Natural Resources Trading Down 1.8 %

The company has a 50-day simple moving average of C$44.34 and a 200-day simple moving average of C$46.32. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The stock has a market cap of C$87.91 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.53 and a beta of 1.89.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Director Stephen W. Laut purchased 942 shares of the stock in a transaction dated Monday, January 6th. The stock was bought at an average price of C$46.46 per share, for a total transaction of C$43,765.32. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of C$44.98, for a total transaction of C$3,643,380.00. In the last 90 days, insiders sold 146,932 shares of company stock worth $6,613,689. 4.26% of the stock is currently owned by corporate insiders.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).